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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (319828)1/10/2007 8:56:52 PM
From: tejek  Respond to of 1573954
 
A house is worth $100K. Taking out a 30 year mortgage results in a total payout for principle and interest of $150K."

$100k at a 7% fixed rate over 30 years:
===============================================================
Your Final Summary:

* Monthly Payment: 665.30
* Total Interest (No pre-payment): 139508.90
* Average interest each month: 387.52
* Total amount paid over the time period: $239,508.90

adviceonline.co.uk;

Thanks. I was too lazy to do the math.


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